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of <h1>Karnataka HC dismisses appeal under Instruction No. 2/2015 for net tax effect below Rs. 2 lakh</h1> <h3>Commissioner of Income Tax Versus Hydrolines India</h3> The Karnataka HC dismissed the appeal due to the net tax effect being below Rs. 2 lakh, rendering it not maintainable under Instruction No. 2/2015. The ... - The Karnataka High Court dismissed the appeal as the net tax effect was less than Rs. 2 lakh, making it not maintainable under instruction No. 2/2015. The appeal was filed for recurring income tax, but the revenue can still assess the assessee in the future without being influenced by the court's order.
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